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Distribute dividend between preferred and common shareholders.
Framer Company has 4,000 shares of 9%, $100 par, cumulative preferred stock outstand ing and 10,000 shares of $1 par value common stock outstanding. The company began op erations on January 1, 2008. The cash dividends declared and paid during each of the first 3 years of Framer's operations are shown. Calculate the amounts that went to the preferred and the common shareholders (SHs) each year.
Year
Total Dividends Paid
Dividends to Preferred SHs
Dividends to Common SHs
2008
$120,000
2009
60,000
2010
80,000
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the cost of capital for a firm can vary from the cost of capital for each of its businesses. when a firm has multiple
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